Young Innovations Inc. (YDNT: News )$1.00 special dividend Wednesday reported a slight increase in profit for the third quarter, as improved margins offset a small decline in sales. Quarterly earnings came in line with the Street, while sales missed estimates.
Net income for the quarter grew to $4.1 million or $0.51 per share from $3.9 million or $0.49 per share last year.
Sales saw a slight decline to $26.2 million from $26.42 million last year.
Analysts polled by Thomson Reuters expected earnings of $0.51 per share on sales of $27.11 million for the quarter. Analysts' estimates typically exclude special items.
The company also announced a quarterly dividend of $0.04 per share, payable on December 15, 2011 to all shareholders of record on November 15, 2011.
Additionally, it also declared a special cash dividend of $1.00 per share, payable December 15, 2011 to all shareholders of record on November 15, 2011.
Young Innovations manufactures and markets supplies and equipment used by dentists.
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